


"NOT AS BUMPY"
"MAY THE BLIND LEAD THE BLIND"
DOW at 10000:
Beware, mum & dad punters, for there are just too many good wishers on stock markets and speculative currencies.
The scenario is 'deadly' with the global economic woes truly infront and NOT YET at the back us all yet at all, especially in the USA where DOW stuck its head up at 10000. Do you think the US's economy is back on track to recovery or rather barely struggling above neck line muddy water for survival?
All these months, every nation is pumping heaps upon heaps into "STIMULUS PROGRAMS"; and major international banks and investment houses are punting with borrowed and bailed out trillion of excess buck of the Fed's free pressing machines and lenders' funds. Think, how false can it be in a scenario of misinformation and/or badly informed common mum & dad punters!
Where did all these BIG earnings from JPMORGAN and others come from and how did they earn so many folds when the all the industries in USA and the world are still sacking or retrenching million of workers and unemployed are adding up to the tune of >10% of GDP? This in NOT just in USA, similarly EU nations, UK, India, China, Japan, Korea, Indonesia, and other smaller population nations like Australia and NZ are still cutting costs, shedding jobs and down sizing employment benefits.
All in all what you are witnessing now are corporate and national CUTTING COST exercises to help this FALSE picture of business growth and investment bankers' profits!
THINK:
1. Don't get caught by BIG players out to home in on ordinary folks while governments are too willing to spoon feed troubled BIG boys.
2. Don't think USD (buck) will die or become a 3rd-world currency whether you are a dollar bear or bull because USA is just too sophisticated to die a natural death.
3. Don't think commodity, oil and gold currencies will run forever in one direction.
4. Mum & Dad punters, make sure to take profits for New Year festivals and celebrations; else more may have to be foreclosed!
**Incidentally funny enough: There was a published article in NY USA just days ago about this very wealthy Jim Rogers's answers to an interview wherein said to the effects that:
1/ In 10 years time China will overtake USA; and this should cause unnecessary panics among US folks and NATO too. YOU know very well, it is untrue because China has its own huge population to groom and economic developments to fix for at least another 5 decades down the road though on much lesser bumpy surfaces, excluding any natural and human caused disasters. China will be wealthy, strong and capable but still it shall be scratching the surface of the current world_no_1, technologically, while it is not necessary to be the no.1 of the world.
2/ Water is a crisis in China and critically low. He was exaggerating the scenario where a major over crowding city like Shanghai has been foreseeing water shortfall if nothing is done to divert water from the central plains and ground water gets empty due to population expansion and wasteful commercialisation. If the wealthy folks, like Jim, will STOP hosing down barrels of clean water for each of their many cars. Desalination of sea water projects have been discussed in China for sure to look into this hot topic lest you will die of thirst just like Jim put it plainly. Obviously, Jim had not been into the more remote parts of China milling around with local folks wherein other than the airports, golf courses and seasides.
3/ Jim also implied that a jealous & panicky USA will plunge into wars and/or cause wars if the latter fails to beat back the advancing emerging and developing nations, economically and defensively. Maybe, Jim is right on this one if you look at the designs of the NATO led Afghan & Iraq wars now!
4/ As a consequence, Jim also thought a 3rd_world war is imminent given that food stuffs or commodities are acutely short around the globe and particularly in India and China. So he suggested that people should punt on commodities and be farmers to get richer. With a world war, what is there to plant and every plant shall die before you do and every bit of gold will melt into fine grand of soil, i.e back to earth. How are YOU going to get richer when there is no more human and paper monies to trade?
All in all that article is quite a bit of red herring, indeed! **
As a matter of factual and wordly developments, major developed nations have realised that those Northern Far East Asian nations, SCO nations and ASEAN nations are the major keys to a peaceful and prosperous region of this world in which USA & Asia_Pacifica nations ought to be a part of them all.